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Geologix Explorations Inc GIXEF



GREY:GIXEF - Post by User

Post by zadmanon Mar 05, 2014 12:39am
325 Views
Post# 22281125

News - Geopolitical

News - GeopoliticalIt's not talked about much but I can't see stuff like this helping our cause with streaming arrangement or jv:

Mexican police seize iron ore, mining equipment in 11 facility raids

Canadian Press, The Canadian Press
0 Comments| 11 hours ago


MEXICO CITY - Mexican police, soldiers and government inspectors have raided 11 iron ore yards at one of the country's largest seaports, following revelations that drug cartels had been exporting ore to China.

Authorities have seized more than 100,000 tons of ore as well as 124 bulldozers, backhoes and trucks as a result of the raid on at the Pacific coast seaport of Lazaro Cardenas.

The federal security commissioner for western Michoacan state said late Monday that the ore is being tested to determine which mines it came from and whether they were legally registered.

In November, the government took over control of the port to cut off illicit income for the Knights Templar drug cartel.

Federal officials say the Michoacan-based cartel had been mining, stealing or extorting iron ore for several years.


Read more at https://www.stockhouse.com/news/natural-resources/2014/03/04/mexican-police-seize-iron-ore-mining-equipment-11-facility-raids#2gIbcgX01x88h3qe.99


It's in our province. I have to assume it would be our port. Does anyone know for sure? Biggest positive one can take is that it at least appears the government is getting serious at tackling this problem.

Zad
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